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Crypto exchange MEXC has announced a $300 million ecosystem development fund aimed at supporting Web3 projects over the next five years. The initiative, unveiled at Token2049 in Dubai, is designed to support early-stage blockchain technologies, public chains, wallets, and decentralized tools critical to shaping the future of crypto infrastructure, according to a press release shared …
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Key points: Bitcoin traders wait for signals of US economic policy loosening as data forces the Federal Reserve into a corner. Recession is more likely than not, sources say, amid rising unemployment and resurgent inflation. Bitcoin and risk assets should ultimately gain from a recession shock. Bitcoin (BTC) stands to gain as a US recession …
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Opinion by: Amitej Gajjala, co-founder and CEO of Kernel DAO The restaking narrative has moved fast — from side conversations in validator circles to the forefront of DeFi infrastructure discussions. It’s not hard to see why. DefiLlama states that major liquid restaking protocols now hold over $12 billion in total value locked (TVL), with dozens …
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Metaplanet — a Japanese company focused on accumulating Bitcoin — announced it will launch a United States-based subsidiary. In a May 1 X post, Metaplanet announced that the firm is launching a wholly owned subsidiary in Florida. Furthermore, the new subsidiary is expected to raise up to $250 million of capital to fuel its Bitcoin …
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Decentralized stablecoin platform Ethena has partnered with The Open Network (TON) to make its stablecoins available to Telegram’s user base of over one billion people. The partnership, announced on May 1 at Token2049 in Dubai, will see the deployment of Ethena’s USDe (USDE) and Ethena Staked USDe (sUSDe) natively within the TON blockchain. The sUSDe …
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Why do Ethereum upgrades matter? Ethereum upgrades are essential to scale, secure and evolve the network without compromising its decentralized foundation. Ethereum still stands as the heavyweight of smart contract platforms, but staying on top means relentless reinvention. Every upgrade isn’t just a technical tweak; it’s a high-stakes move to crack the toughest problems in …
Continue reading “Vitalik Buterin’s vision for Ethereum: Pectra, Glamsterdam and beyond”
Fragmentation and complicated user experience remain two of the most significant obstacles to cryptocurrency’s mainstream adoption, according to a new industry report. Most users now use at least two wallets to manage their cryptocurrency investments. The lack of interoperability across blockchains means users need to create multiple wallets to interact with different networks, with users having at least two …
Continue reading “Multi-wallet usage up 16%, but AI may address crypto fragmentation gap”
Tesla CEO Elon Musk has lashed out at The Wall Street Journal (WSJ), calling the publication’s latest report “an EXTREMELY BAD BREACH OF ETHICS,” after it claimed the Tesla board was actively seeking his replacement as CEO. The report, published on April 30, alleged that the board had approached recruitment firms due to concerns over …
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Key takeaways: Strategy’s stock rose 32% in April, its biggest monthly gain since November. Speculation is building that Strategy will announce a major capital raise during its Q1 earnings call on May 1 as it continues to grow its Bitcoin holdings. Analysts expect a 1% year-on-year revenue bump to $116.6 million, following the firm’s $120.7 …
Continue reading “Strategy ends April up 32% in best month since November as Q1 earnings loom”
OpenAI CEO Sam Altman’s crypto-tied digital identity project World, formerly Worldcoin, has made its US debut in six cities. The project, which aims to verify humans in the age of artificial intelligence, is initially coming to what it calls the “key innovation hubs” of Atlanta, Austin, Los Angeles, Miami, Nashville and San Francisco, according to …
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